Michigan's rental market...
If you lived in Michigan and found a 20+ unit apartment building in Detroit (or close by) that...
-has a positive cash flow
-is rented at below market rent
-has a cap rate greater than 10%
-relatively good shape
-Occupancy is above 90%
-Price/unit is below $30,000
...would you buy it if you had the funds/financing to do so?